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with a little bit of discouragement. those are the issues in front of us. where are earnings going forward into the next few quarters? >> thanks, harry. as always, the market, a crazy day. earnings coming up from hewlett-packard. david faber will have that and bob benmosche talking about his numbers from aig. second hour of the "closing bell" right now. i'll seal you tomorrow. >> have a good one. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the into of the new york stock exchange. man, a roller coaster ride today on wall street as the major averages close lower for a second day in a row, off of the worst levels of the day. market had been down close to 100 points. we're finishing down 49 points on the dow jones industrial average after hitting the lows about half an hour ago when the market was down 13 point. nasdaq giving up 33 points tonight. technology one of the leadership groups on the downside and the s&p 500 weaker by 9.75. moments away from aig and h-p earnings. david faber is live toni
sense of it with rich peterson. good to see everybody. thanks so much for joining us. john, let's talk about the catalyst and where you see this market going. how are you invested today? >> well, we still think that steady issues go, basically consolidating from 1495 to 1530 was the high in the futures this week so we're right in the middle as we come into the weekend. we obviously have the italian elections and bernanke is speaking next week. copper concerns us a little bit. the fact that the metal sold off, including the industrial messals, down to 350. we had a selloff obviously from the highs and decent volumes so the balance is nice and have to make sure that it holds. we think bernanke will be pretty friendly when he's before congress next week so that's a positive. i don't think the fed will tighten anytime soon but do think asset purchases will go down. figure the asset purchase will go down but fed funds are basically going to be flat from basically now until 2015. if they do tighten, it will be slow and deliberate, so i think maybe we'll get a quarter, a quarter, quarter. eve
that are supplying to china. that doesn't deter the economic outlook globally or for the stock market in the u.s. but it's a bit of yellow flag out there to investor and look what happens to their stock returns, mediocre compared to domestic returns here. >> what's the most damaging implication for the u.s., companies deriving revenue to a significant amount like yum brands is because of the slow down due to the china slow down? >> i think moderation, and the good news here in the u.s. and midwest, a rebirth in manufacturing. i think bodes well for the u.s. and bodes well for many stocks in those industries. >> how, do you -- go ahead. >> a poultry specific issue for china. the car sales in china is supposed to be off the chart so i think it's getting better, a and the stock market is it telling us that. other companies are starting to bring their manufacturing to the united states because the natural gas price is so low over here. >> yeah. they are also going to mexico. ed, jump in here. how do you invest it? >> well, i'll tell youing everything that they are saying i agree w.china obviously go
or microsoft. maybe cisco is the one to take us to new highs. >> the leader today which was positive, amazon, comcast, our parent 100% now and facebook, so, you know, it's the new technologies that are leading the way here. >> facebook had a nice turnaround after they came out and said they sold apple and buying this one. a big move late in the day but the nasdaq has been positive all day and think that could be the new leader to take us to new highs. >> going well off the lows of the day, the dow down 38 points, the s&p and nasdaq positive. stand by for the very important cisco earnings on the second hour of the closing well with maria. see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. a mixed day for the market. the dow failing to hold on to 14,000 level with the decline of 36 points off the worst levels, even there, as you can see there, a decline of 37 points. take a look at how we're finishing the day overall. a reversal of yesterday's decline
. >> that's why you're a veteran trader on the floor of the stock exchange. thanks for joining us. this will be the first close above 14,000 since february 1st. more on that and, plus, what's going on on carnival cruise lines? i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." take a look at how we're set lipping out on the street today. after a pretty good rally in stocks. nasdaq was under pressure dow up about 47 points. that's off the best levels of the afternoon, and volume really underwe underwhelming today. nasdaq down five points and ath big problem there showing another decline on the session, and the s&p 500 up just a fraction. two and a half points higher. now that we've closed above the five-year high of 14,000, where now? is a new all-time high in the cards this week? my guests join me. thanks for joining us. >> thank you. >> let me kick you off to would. would you put new money to work after these levels? >> i would put new money to work. long-term investors can be dollar-cost a
between 2 and 2.25 like it used to be bouncing between 1.75 and 2. it will just kind of keep doing th that. >> is it healthy -- is it healthy -- >> the interest rate spike will mean too much on the balance sheet. >> is it healthy that the only driver has been the federal reserve? >> that's it. decrease the quantitative easing. that's when we'll see the real spike. if interest rates go up to 2.25% because people are taking money out of equities and the economy is growing a little bit better, that's fine. it's when we start to see incremental tightening at the fed. >> we need some qe from the private sector. >> tightening from the fed? >> good luck on that. >> not getting it though, jeff. >> well, i know. >> they believe in what they are doing, and it hasn't helped the economy. >> we know we have somebody holding our hand so there's no point in doing it. until they step out of the way, there's nothing to trigger those animal spirits. >> great conversation. appreciate it. see you soon. >> meanwhile, legendary investor jim rogers is, now short a certain investment. we'll find out what that is,
, where are we going, all on the same track. right now the way to put the money is put it in the u.s. japan has obviously benefitted from that. >> you have not been alone on the floor here among your trading brethren who have been skeptical of this rally as it continued. some others though have thrown in the towel and are going with the trend higher. are you still skeptical? >> i'm definitely still skeptical. >> okay. i think the risk is to the down side. if we get a 5% pullback, which would not be bad for the market, are people going to put their money to work. putting it into work when times are good. when times are bad, markets back off and that's where markets seem to accelerate. >> going out neither highs of the day with the dow up about 5.25 points here, and the s&p up a fraction right now. stand by. a lot of earnings news coming your way. plus former fdic chair sheila bair coming on the second hour of "closing bell." >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new
the u.s., and i think the outperformance that we saw in the last part of last year can take hold again this year. >> yeah. allen gale, are you paid to put money to work, got to put some money to work or even if this market is going to see a correction of some kind. where would you be buying right now? >> to kind of echo michael's sentiments. allocation strategies is on the international front so we do like to develop markets. we are adding to the emerging markets as well so we think that at the margin this is a good story. this is a -- you know, as we go through 2013 we think the international space is going to continue to outperform. meantime, i think it is important to see that the fed is committed to this -- to this expansion continuing, particularly in the face of the fiscal tightening that we're likely to see. the fed doesn't really have any choice in their own mind. >> they have to keep reminding us that it's not going to last forever. the conversation has to start at some point. >> that's right. >> and what we're seeing is the conversation today, at what point do we start taking
a professional trader side, but you don't fight the fed. the other big ben, i used to be that guy until he showed up, and what's going on with the money flow is coming into equities. >> ben willis just moments ago mentioned short conversation. you think part of this at the end of the day was short covering. >> absolutely. >> the shorts were getting their head handed to them on monday and here we go, after monday on tuesday, and today as well. i'll seal you at the top of the hour. good to see you. >> another big hour. what do we do from here? >> if you're surprised by the action we've seen over the last couple of days, what are we to do? my professional trader, 30 years on the trading floor wants to sell into it but don't short it until you buy coverage. the vix had a great pullback. bought the vix earlier in the month, you had a great return on the investment but if you didn't sell it out and took the profit you're getting squeezed. buy the vix. >> even with the move that we've seen, a feeling that certainly the market would show you over the last, you know, few selloffs here that it's a bit frag
't have a big stomach for volatility. lee will join us in just a second apparently. hopefully he'll have time to think about that question. ryan, why don't you take it? >> i think in this environment it's in -- it depends. which one? >> ryan dieterich. >> got it. when you look at it right here, sue, we saw warning signs last week. and when you break it down, the market's had a good rally. maybe due for pullback consolidation for a few reasons. we did a study since 1999. what we found when you go from the first time it hit 10,000, 11,000. when you hit those 1,000-intervals the market does poorly the few months out. really quickly, something important. we follow activity and sentiment. if you look at the demand, it's extremely high relative to calls. what does that mean to someone listening? >> very quickly ryan. >> the last two times it was that wide, last year april and september pullbacks. wouldn't be leery here. >> all right. brian jacobson. down 216 points, up 120 on friday. clearly volatility is with us right now. what's causing it and what are you doing about it? >> sure. i think th
notes and talking to strategists. you say all sorts of strategists are using all kinds of metrics to spot a pullback. what are they? what are the most important metrics to spot a pullback on the horizon? >> sure, maria. after you see the kind of blistering run you've had this year, the s&p 500 up 6.5%, traders and investor strategists looking for a pullback and looking for different guideposts and signs of when a pullback is happening, and some are going to look to sentiment indicators and some look to high-yield spreads. the analysts over at jpmorgan are going to be studying that. i talked to paul hickee over at spoke this afternoon, and paul is a bull. one reason is they's going to look at jobless claims and the relationship between jobless claims and the s&p 500. one reason, paul will tell you, he's still bullish because jobless claims, the four-week average, at a post-recession low. >> all right, john, you're sitting there on the trading desk all day long, see the flow. what kind of a commitment are you seeing in terms of equities? is it still as strong as it was earlier in th
cruise nightmare and james grant joins us to talk to us about why he thinks interest rates are going sharply higher. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the floor. new york stock exchange. thanks for joining us. market mix on a day that we saw a flurry of m & a action. the dow jones industrial average down about 8.5 points. close but new cigar. kept trying to reach the positive territory but did not close there. the nasdaq and s&p held on to gains even fractional. nasdaq up two points and the s&p up one point. equities barely. positive territory for the week. what's keeping investors on the sideline? back with me is josh brown, cnbc contributor and david darsch and ben pace from deutsche bank private wealth management also joining the conversation. good to see everybody. thanks for joining us. what do you think? i guess we've had a very strong performance prior, several weeks, several months, but what's keeping investors on it this week? >> the banks have been so good, maria. the
from the street. good to see everybody. thanks so much for joining us. >> thanks, maria. >> scott, let me kick it off with you. what's behind this move in stocks? >> this year is off to a lot better start. i don't know if you heard the applause in the background when the bell rang. people are happy. we're at 14,000, a touch over. i think the market, myself not to put a damper on things, i think the market is a little ahead of itself. i think it's going to be higher than this at year end, but right now this is a pretty darn good jump from december 3 isst until now. the question is does it keep going. harry dent, where are you on this? >> we've been looking for the market to go higher until mid-year. i'm looking at 1,600 or near on the s&p, 15,000 or near on the dow. i think before you get there though you do get a more substantial pullback before you get a likely top. i mean, right now, things are good. we got over the fiscal cliff. we knew we would rally after that. i don't see this rally going to major heights this year or a lot higher because earnings are decelerating, and now intere
this. you're always exposed to. but here at the hodges funds, we'll use the selloff to buy great businesses on sale. so we are seeing a lot of opportunities out there. >> rick santelli, what about that trade coming out of fixed increase going into stocks? are you a believer or no? is it gaining traction or no? you don't have evidence of it? >> no. i personally don't see a huge sector change. i think it's always going to be out there. and i think with a lot of money sidelined, it's just putting money to work. many believe it's going to end up in equities. to be up 12 basis points in a five year to date or 21 basis points in a ten, as large as that may sound, i don't think that's near the big horse power ultimately that trade could generate. on the rating agencies, you know, it sounds a lot like sour grapes. i think the rating agency made a bunch of blunders. they're not going after him. he was highly aware of what was going on in derivatives. when we were downgraded from aaa. it seems like that's what was -- the time period some of these early talks about this developed. seems lik
the impact of these upcoming cuts so for me i thought the dow would give us more of a respite, down 13.6 and 13.5 and gave us 13.7 and they retest some of the lows that we saw and right around 13.6 or 550. market feels a little bit fragile that it could be blown over with a little puff. >> i believe that's what it says yesterday and there was quite an overblown scare in the italy election and i think that those things get overdone and blown out but it shows how vulnerable it is at the end of the day. >> haven't even talked about sequestration which comes out friday. do you expect that that's going to have a large impact on the direction of the market? >> well, the market is telling us no. the market is telling us like it's embracing the idea of having the cuts and going back to work to restore some of the funding and maybe it's a line item thing and maybe the market likes that. >> maybe we're underestimating what the market brings and maybe we're too complacent about what the market can know. >> the closing bell is going to ring in a matter of minutes here and again in the midst of a b
Search Results 0 to 14 of about 15